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Nov 2, 2012
11/12
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gm posted its highest october sales since 2007, with deliveries up 5%. ford sales inched up just .4%. the company reports truck sales stalled slightly while car sales, especially for fuel-efficient models, picked up. ford's ceo, alan mulally, told reporters yesterday he intends to stay on until 2014. mark fields companies turnaround will soon bump up to coo. in overseas action, toyota sales bounced 16% higher, while volkswagon's were up 22%, making it the best october since 1972. meanwhile, small businesses are still reeling from the effects of superstorm sandy. sandy shut down and damaged many businesses in its trail. now a lifeline for business owners could come in the form of disaster assistance. chris hurn of mercantile capital says for small business owners affected by the storm, loans could be a chance to reboot business. "one of the things that is going to come out of a life- altering event like this is a lot of them are going to get insurance proceeds, and i'm a big advocate of people using those proceeds to maybe spur some action that they might
gm posted its highest october sales since 2007, with deliveries up 5%. ford sales inched up just .4%. the company reports truck sales stalled slightly while car sales, especially for fuel-efficient models, picked up. ford's ceo, alan mulally, told reporters yesterday he intends to stay on until 2014. mark fields companies turnaround will soon bump up to coo. in overseas action, toyota sales bounced 16% higher, while volkswagon's were up 22%, making it the best october since 1972. meanwhile,...
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Oct 27, 2012
10/12
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CNNW
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they went from, there was an old gm and a new gm, so they went through kind of a managed bankruptcy after all the bailout work was done. >> then ford did it all on their own. >> wait, this is not true. that is not true. ford had the timing on their side. they went and renegotiated their debt before the 2008 crisis hit. they happened to have an advantage of going to wall street to renegotiate their borrowing authority and it was the calendar. >> the ceo of ford said about mitt romney's prescription. he said if gm and chrysler had gone into a free fall bankruptcy, they would have taken the entire supply chain and auto agency with it. he said that in 2010. so that's really what -- >> speculation is not accurate. >> it is because there was no way that private capital were going to keep those companies alive into a chapter 11 reorganization. they would have gone into liquidation. we would have lost not only those two companies, but the supply chain. >> what he said, these are his words, the american auto industry is vital to our national interest as employer and hub for manufacturing, a manage
they went from, there was an old gm and a new gm, so they went through kind of a managed bankruptcy after all the bailout work was done. >> then ford did it all on their own. >> wait, this is not true. that is not true. ford had the timing on their side. they went and renegotiated their debt before the 2008 crisis hit. they happened to have an advantage of going to wall street to renegotiate their borrowing authority and it was the calendar. >> the ceo of ford said about mitt...
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Oct 31, 2012
10/12
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CNNW
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> political contributor john avalon is joining us from youngstown, ohio. john, i understand that, first of all, there has been some pushback from the auto industry execs over the ad. how is this playing out? >> suzanne, it is fascinating. the auto industry here is a political issue, it is a personal issue, it is a pocketbook issue. it is very much a central focus of the debate. we have spoken to senators on both democrat and republican sides of the aisle, senator rob portman and sherrod brown about this ad. take a listen. >> i say it is the most disingenuous ad i've ever seen. they know better. they know the auto rescue worked. they know that ohio reasons connected directly or indirectly to the auto rescue and they know that governor romney and my opponent's opposition to the auto rescue, they're trying to crowd the issue and it is pretty outrageous. >> it is their game to the extent it is reported in the media and that's all they have said, there is reports this coul
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> political contributor john avalon is joining us from youngstown, ohio. john, i understand that, first of all, there has been some pushback from the auto industry execs over the ad. how is this playing out? >> suzanne, it is fascinating. the auto industry here is a political issue, it is a personal issue, it is a pocketbook issue. it is very much a central...
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Oct 31, 2012
10/12
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CNBC
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just before the bell, we'll hear from gm, mastercard and mgm resorts, southern company, and waste management. >>> still to come, we'll continue our coverage of sandy. after the break, we'll get a forecast of some of the weather channel and we'll find out how it could impact the election as the president gets set to tour new jersey. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. >>> you are watching "worldwide exchange" and these are your headlines. sandy leaves a massive path of devastation in its wake as r residents belong a long and costly recovery process. >>> barclays with two new investigations in the u.s. as the bank u
just before the bell, we'll hear from gm, mastercard and mgm resorts, southern company, and waste management. >>> still to come, we'll continue our coverage of sandy. after the break, we'll get a forecast of some of the weather channel and we'll find out how it could impact the election as the president gets set to tour new jersey. bob... oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get...
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Oct 27, 2012
10/12
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FOXNEWS
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capitol in gm , be reallocate many other jobs would be created in the economy. they weaken automakerings. out of bankruptcy they would be owned by car makers that knew how to make a profit. >> thank you very much. worker burnout part of the economic fall out. sounds right, but it is wrong. silver lining on hard working americans on cash in texas taking on a united nations backed group trying to monitor the elections in the u.s.. somesome calling to cut off funds tut un once and for all. we debate and you decide . don't mess with texas. on election day un will be monitoring poling station and texas general said if they overstep texas law he will arrest them and not just texas florida congressman calling to cut u.s. funds to the un over this issue. >> we don't need the un we have a federal election commission and by the way, the un has no jurisdiction over the u.s. election . you know the new york rubber room for teachers. they are a rubber room for general motor bureaucracy. they never cared. they get mon yethere is fraud and abuse. >> isn't there manage wrong wi
capitol in gm , be reallocate many other jobs would be created in the economy. they weaken automakerings. out of bankruptcy they would be owned by car makers that knew how to make a profit. >> thank you very much. worker burnout part of the economic fall out. sounds right, but it is wrong. silver lining on hard working americans on cash in texas taking on a united nations backed group trying to monitor the elections in the u.s.. somesome calling to cut off funds tut un once and for all....
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Nov 4, 2012
11/12
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WJLA
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. >> obama took gm and chrysler bankruptcy and sold chrysler to italians who will s in china. >> it is an outrageous lie. captioned by the national captioning institute --www.icap.org-- >> we thought this was going to special preelection broadcast. that all weking have to do his handicap the election. sandy.ong came hurricane politics, all wiseman told never that you can around ththe corner. then't want to minimize tragic human dimensions of this aftermath, butt is a politil program d the election is next tuesday, so here goes. new jersey gov. chris christie prior to the storm. let's give you the plane ride back to chicago ththat you have earned. i cannot thank the president and compassion for the state.of our >> he has putis heart and soul that the people jersebounce back .tronger than before >> for the past feways, voters president hugging looking, well, presidential during a time of .risis election practically on doorstep, how will the and its of sandy mark?ath play out, >>>> good for president obama i. the time of disaster, the only electe officials who have an opportunity toto per
. >> obama took gm and chrysler bankruptcy and sold chrysler to italians who will s in china. >> it is an outrageous lie. captioned by the national captioning institute --www.icap.org-- >> we thought this was going to special preelection broadcast. that all weking have to do his handicap the election. sandy.ong came hurricane politics, all wiseman told never that you can around ththe corner. then't want to minimize tragic human dimensions of this aftermath, butt is a politil...
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Nov 1, 2012
11/12
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KTVU
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gm says it could lose as much as $1.8 billion. 18.5 million. that's the number of europeans who are currently unemployed. the region's jobless rate hit an all-time high in september of 11.6%. 146,000 people lost their jobs in the last month. spain and greece have the highest unemployment rates - both hover around 25%. young people have been hit the hardest - 3.5 million young people under the age of 25 are out of work. jpmorgan is still chasing down employees involved in the bank's massive $6-billion trading loss. reports say jpmorgan is suing the man who supervised "bruno iksill," the trader known as the london whale. iksill is said to be responsible for taking supersized positions in deravitives that led to multi-billion losses this year for jpmorgan. his boss, javier martin artajo, is now being sued in a british court by the bank. facebook is feeling the post- lock-up pinch and slipped a little. about 229 millon shares expired this week, giving faceboook employees the right to sell their stock as part of an agreement after facebook's ipo. bu
gm says it could lose as much as $1.8 billion. 18.5 million. that's the number of europeans who are currently unemployed. the region's jobless rate hit an all-time high in september of 11.6%. 146,000 people lost their jobs in the last month. spain and greece have the highest unemployment rates - both hover around 25%. young people have been hit the hardest - 3.5 million young people under the age of 25 are out of work. jpmorgan is still chasing down employees involved in the bank's massive...
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Nov 1, 2012
11/12
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in 09 teetering gm got billions. but the deal would not work without labor piece and the united auto workers wanted delphi members taken care of. delphi was and is gm's top parts supplier. they were wading through bankruptcy canceled employee pensions handing off the remains to a federal government a nightmare for delphi retirees. >> my pension went from 2,550 dollars a month to the government paying $335 a month. >> the folks at the international union wanted help. if gm restored the union's delphi pensions the uaw would go along with the bailout. gm agreed. >> when you heard the union pensions are being topped off you would think everybody would be treated fairly and equally. that was not the case. >> 20,000 salary delphi retirees got no pension bailout. many suspect they know why. >> the union had political connections and we do not. >> that's it? >> rose charges it was a simple political calculation a democratic president and his administration taking care of democratic ally organized neighbor. >> i believe in th
in 09 teetering gm got billions. but the deal would not work without labor piece and the united auto workers wanted delphi members taken care of. delphi was and is gm's top parts supplier. they were wading through bankruptcy canceled employee pensions handing off the remains to a federal government a nightmare for delphi retirees. >> my pension went from 2,550 dollars a month to the government paying $335 a month. >> the folks at the international union wanted help. if gm restored...
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Oct 30, 2012
10/12
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CNBC
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gm said they will donate 50 chevy trucks to the red cross for use in recovery efforts. 3 m committed cleaning products, duct tape to the red cross. goldman sachs is setting up charging stations in conjunction with conrad, new york, and providi providing bottled water for residents. walmart is using its network to keep the word out about shelters by keeping website and twitter a counts updated with the latest information. >> thank you very much, courtney reagan. >>> restaurant in sandy's path facing head winds following storm damage. pizza maker papa johns has 600 locations near the storm. responsible for leading the company's global operations. joins us now from louisville, kentucky. great to have you with us. >> thank, melissa, great to be here. >> what sort of disruptions in terms of delivery and distribution are you seeing right now? >> well, as you said, we have 600 stores that were in the path of the storm. and last night we actually had between yesterday and last night 200 stores that were closed. and as of late this afternoon we still have around 100 that are still yet to be o
gm said they will donate 50 chevy trucks to the red cross for use in recovery efforts. 3 m committed cleaning products, duct tape to the red cross. goldman sachs is setting up charging stations in conjunction with conrad, new york, and providi providing bottled water for residents. walmart is using its network to keep the word out about shelters by keeping website and twitter a counts updated with the latest information. >> thank you very much, courtney reagan. >>> restaurant in...
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Nov 2, 2012
11/12
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MSNBC
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between the romney and obama campaign about jobs related to the auto industry, particularly jeep and gm. how do you see the auto bailout and how it's going to play in this election? >> well, there's no question that the manufacturing numbers have been a modest positive in few years. not up by a huge amount. we're not anywhere near getting back all the industrial jobs that we lost in the recession. but it's between then and a mild positive. ohio has been a beneficiary of that. not just in the auto industry, but in a variety of manufacturing areas. but ohio is benefiting other areas in terms of health. the health sector is doing fairly well. the health sector is benefiting from the oil and gas deals. so modest positives on the economic and jobs front for the state of ohio. the issue, i think, for obama is that people are thinking about a lot more than just the economy and the automotive side specifically and, of course, the governor of ohio, john kasich, is tying to contribute anything that is positive to his administration as opposed to that of barack obama. >> that we have seen. jim, th
between the romney and obama campaign about jobs related to the auto industry, particularly jeep and gm. how do you see the auto bailout and how it's going to play in this election? >> well, there's no question that the manufacturing numbers have been a modest positive in few years. not up by a huge amount. we're not anywhere near getting back all the industrial jobs that we lost in the recession. but it's between then and a mild positive. ohio has been a beneficiary of that. not just in...
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Oct 31, 2012
10/12
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yes. >> look, the gm one is highly misleading. the jeep one is a total lie. if mitt romney was pressed on this in a court case, it would be perjury. you could go to jail for lying this straightforward and this obviously. so that's a huge problem for him and his trust and the fact they're doubling down on it tells you a lot about where they are at. you know, he was also pressed today to answer questions on fema. he wouldn't answer. they wouldn't state a position on affirmative action even though it was in the supreme court this year, and obama did. there are still important issues where they will not tell the truth or give any answer at all. >> and i -- he's not trying to trick the jeep workers in toledo who know the truth. >> right. >> he's trying to get other people in ohio who don't have someone at the kitchen table who can tell them exactly how it works at chrysler. >> yeah, this is sort of like targeting messaging for low-information voters. i mean to your point. >> and doing it at the last minute. >> the last minute. it's harder to rebut. and one other p
yes. >> look, the gm one is highly misleading. the jeep one is a total lie. if mitt romney was pressed on this in a court case, it would be perjury. you could go to jail for lying this straightforward and this obviously. so that's a huge problem for him and his trust and the fact they're doubling down on it tells you a lot about where they are at. you know, he was also pressed today to answer questions on fema. he wouldn't answer. they wouldn't state a position on affirmative action even...
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Nov 1, 2012
11/12
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industry analysts think gm could soon put its foot on the break. opel is a big obstacle to their plans to roar back. >> good news for germany -- projections said the company will collect its highest tax revenues ever this year. the federal government as well as states and municipalities are said to take in a total of 602.4 billion euros, which beats earlier projections by almost 6 billion euros. the government says it will come close to balancing its budget next year. >> germany will pay out billions of tax reimbursements to foreign companies. that is in order to comply with a ruling from the european court of justice. >> the court found that foreign stockholders in germany paid too much in taxes on their dividends and ordered germany to rectify the situation. the payments are set to cost the treasury at least 3 billion euros. >> the german economics ministry has confirmed media reports that european and north african countries have begun negotiations on a mass of solar energy project in the sahara desert. >> the desert tech project would see solar
industry analysts think gm could soon put its foot on the break. opel is a big obstacle to their plans to roar back. >> good news for germany -- projections said the company will collect its highest tax revenues ever this year. the federal government as well as states and municipalities are said to take in a total of 602.4 billion euros, which beats earlier projections by almost 6 billion euros. the government says it will come close to balancing its budget next year. >> germany...
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Nov 1, 2012
11/12
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. >> obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jeeps in china. >> really? after all that federal bailout money, it's china that will get all the jobs? right away, the white house unleashed its attack dogs. >> they're running the most scurrilous ad in ohio. they assert that president obama forced chrysler into bankruptcy so the italians could take over chrysler. and ship jeep manufacturing to china. that's what the ad says. that's what the ad said. it's an outrageous lie. >> don avalon is a cnn contributor who also serves as a senior political columnist for "ne "newsweek" and the daily beast. joining from us youngstown, ohio. i know you've done a lot of reporting on this issue. is the ad inaccurate? >> reporter: the ad is inaccurate, but it really is resonating here in ohio, and not in a good way for the romney campaign. a lot of voters i've spoken to, they've heard about the ad, they've seen it and understand it's an attempt to muddy the waters and play fast and loose with the f
. >> obama took gm and chrysler into bankruptcy. and sold chrysler to italians who are going to build jeeps in china. >> really? after all that federal bailout money, it's china that will get all the jobs? right away, the white house unleashed its attack dogs. >> they're running the most scurrilous ad in ohio. they assert that president obama forced chrysler into bankruptcy so the italians could take over chrysler. and ship jeep manufacturing to china. that's what the ad says....
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Nov 4, 2012
11/12
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the president of gm came out -- >> afterward. >> -- and said wrong. they have just hammered romney on this. the poignant comment to make is the political media. when you get right down to saying something that's not true, particularly in the day of fact checkers, it's dangerous. >> i would argue, debra, the fact checkers have a less. in this ad the wording is very careful. sold chrysler to italians who are going to build jeeps in china. it doesn't say but implies that some of those are the american jobs. >> here's what sort of drives me crazy about this. i look them up. i look them up on the ad and he gives it four pinocchios and he writes, quote, technically correct but misleading. i don't know. if it's technically correct doesn't it mean it's a two-pinocchio thing or something? bill says we expect ads to be a little misleading. >> let me get a brief comment from you. >> the romney ad, second radio ad started. he said he saved the auto industry. for ohio or china. that is not -- you know what romney's trying to say. there's no doubt what he's trying
the president of gm came out -- >> afterward. >> -- and said wrong. they have just hammered romney on this. the poignant comment to make is the political media. when you get right down to saying something that's not true, particularly in the day of fact checkers, it's dangerous. >> i would argue, debra, the fact checkers have a less. in this ad the wording is very careful. sold chrysler to italians who are going to build jeeps in china. it doesn't say but implies that some of...
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Nov 3, 2012
11/12
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WETA
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> one of the most flagrantly dishonest ads i can remember in my political career. >> chrysler's ceo angrily denies that they are shipping jobs to china. >> they are adding jobs in toldeo. >> -- toledo. >> this was an act of not hail mary pass in ohio. this was an act of absolute desperation. obama is going to carry ohio, we got to do something -- don't do it, it is going to come back and bite us. it has. he is basically accusing the president of the united states with his bailout of plotting with gm and chrysler to send american jobs overseas to china. this is beyond a guide double parking outside in northridge on christmas -- >> if mark is correct and there was an internal fight in the campaign, and we think there had to be, because this is a hot pants on fire -- a pants on fire ad, the person who decides that in the end when there is that kind of a fight is the candidate. >> well -- >> no -- four years ago, mccain decided not to run ads on the jeremiah wright stuff.
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. >> one of the most flagrantly dishonest ads i can remember in my political career. >> chrysler's ceo angrily denies that they are shipping jobs to china. >> they are adding jobs in toldeo. >> -- toledo. >> this was an act of not hail mary pass in ohio. this was an act of absolute desperation. obama is going to carry ohio, we got to do something...
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Oct 31, 2012
10/12
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obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney and i approve this message. >> despite chrysler's flat-out denial of romney's china claim, the romney campaign took his lie a step further today with this radio ad in toledo, ohio, which is home to a jeep plant. >> barack obama says he saved the auto industry, but for who? ohio or china? under president obama, gm cut 15,000 american jobs, but they're planning to double the number of cars built in china which means 15,000 more jobs for china. and now comes word that chrysler plans to start making jeeps in, you guessed it, china. what happened to the promises made to autoworkers in toledo and throughout ohio? >> that provoked general motors spokesman to release this statement "we've clearly entered some parallel universe during these last few days. no amount of campaign politics at its since call worst will diminish our record of creating jobs in the u.s. and repatriating profits back to this country." and in an
obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney and i approve this message. >> despite chrysler's flat-out denial of romney's china claim, the romney campaign took his lie a step further today with this radio ad in toledo, ohio, which is home to a jeep plant. >> barack obama says he saved the auto industry, but for who? ohio or china? under...
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imagines the bloom to consumers to seven government had to save gm. >> but if they didn't there be $25 billion in the whole. john: they're not paid back. >> again they took that money from taxpayers said the economy is worse. of industry may be ohio or detroit to save jobs but what about tennessee, indiana where other car manufacturers are worse off? john: honda or toyota in america? it is not like the auto industry was. >> not at all. >> it is not clear gm or chrysler wold not be saved. airlines go through bankruptcy as a fly there is a high probability they would still exist to be scaled down. >> we lose manufacturing jobs. >> politicians love that like a fetish making phoenix to drop by your foot to is more a valuablthan services. the mayor can onomy is service based. they are devoted to make things you cannot necessarily say. john: that is not real. but a dollar earned and services is not less by a bold and manufacturing. it is not true. manufacturing is doing well. it has increased but the politicians don't get it. >> they don't y it. it is big in the swing states. politically. jo
imagines the bloom to consumers to seven government had to save gm. >> but if they didn't there be $25 billion in the whole. john: they're not paid back. >> again they took that money from taxpayers said the economy is worse. of industry may be ohio or detroit to save jobs but what about tennessee, indiana where other car manufacturers are worse off? john: honda or toyota in america? it is not like the auto industry was. >> not at all. >> it is not clear gm or chrysler...
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imagines the bloom to consumers to seven government had to save gm. >> but if they didn't there be $25 billion in the whole. john: they're not paid back. >> again they took that money from taxpayers said the economy is worse. of industry may be ohio or detroit to save jobs but what about tennessee, indiana where other car manufacturers are worse off? john: honda or toyota in america? it is not like the auto industry was. >> not at all. >> it is not clear gm or chrysler would not be saved. airlines go through bankruptcy as a fly there is a high probability they would still exist to be scaled down. >> we lose manufacturing jobs. >> politicians love that like a fetish making phoenix to drop by your foot to is more a valuable than services. the mayor can economy is service based. they are devoted to make things you cannot necessarily say. john: that is not real. but a dollar earned and services is not less by a bold and manufacturing. it is not true. manufacturing is doing well. it has increased but the politicians don't get it. >> they don't say it. it is big in the swing states. states.
imagines the bloom to consumers to seven government had to save gm. >> but if they didn't there be $25 billion in the whole. john: they're not paid back. >> again they took that money from taxpayers said the economy is worse. of industry may be ohio or detroit to save jobs but what about tennessee, indiana where other car manufacturers are worse off? john: honda or toyota in america? it is not like the auto industry was. >> not at all. >> it is not clear gm or chrysler...
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Oct 31, 2012
10/12
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FBC
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when you look at ford and general motors after their quarterly reports, gm reported today. ford actually reported yesterday despite the stock exchange was closed. both reports were good. both beat the street. both are up arrows. ford is up 6 1/2%. gm is doing really well after beating the street. they are seeing numbers surpassing estimates. tomorrow, we'll be key for auto sales. we'll get in other economic news. weekly jobless claims. friday will be the jobs report. certainly everybody is trying to get back to a sense of normalcy here. i'm hearing about guys talking about sleeping in host tolls, going to homes with power. everybody is contending and juggling a lot as they try to continue to keep markets running smoothly. back to you. cheryl: nicole, thank you very much. got brakinging news. ashley: we certainly do. the "new york post" reporting that mayor bloomberg will temporarily be banning passenger cars from entering manhattan. of course this is the as the city struggles to recover from hurricane sandy. the streets today were absolutely at a standstill. took people hou
when you look at ford and general motors after their quarterly reports, gm reported today. ford actually reported yesterday despite the stock exchange was closed. both reports were good. both beat the street. both are up arrows. ford is up 6 1/2%. gm is doing really well after beating the street. they are seeing numbers surpassing estimates. tomorrow, we'll be key for auto sales. we'll get in other economic news. weekly jobless claims. friday will be the jobs report. certainly everybody is...
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Nov 4, 2012
11/12
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CNNW
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look, candy, it's not gm. it's chrysler, first of all. >> sorry. i'm sorry. >> jeep has said they're going to reopen a facility that was closed after daimlerchrysler, you know, broke apart years ago. it will be in china to produce for the chinese market, and that's all the ad says. there's nothing inaccurate about it. those jeeps are now being produced in america, and they're being exported to china in an asian market. >> the suggestion that the jobs are being exported has been denied by the auto companies. >> well, there's -- you know, that's a suggestion that you might want to make, but, you know, that's not what the ad said. i'm delighted chrysler is making an investment, and fiat is making an investment in ohio. i'm supportive of that. it's great if they want to expand production here. i hope they will. the fact is that we now are proud to send to china. , to estaz wra. we export about 25% of what we make here, and so if you're going to start production facilities overseas, obviously we're going to lose some of our exports here. that's all the
look, candy, it's not gm. it's chrysler, first of all. >> sorry. i'm sorry. >> jeep has said they're going to reopen a facility that was closed after daimlerchrysler, you know, broke apart years ago. it will be in china to produce for the chinese market, and that's all the ad says. there's nothing inaccurate about it. those jeeps are now being produced in america, and they're being exported to china in an asian market. >> the suggestion that the jobs are being exported has...
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Oct 31, 2012
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all other new jobs and if you're a gm worker are you grateful to obama? do you think you've worked hard so your company survived? at some point obama claiming credit for your job begins to get thin. >> greta: benghazi. we've spent a lot of time talking about it. and frankly there are a lot of remaining questions and nobody sort of set out what happened. we've got bits and pieces and weird stories about videos and we've had, it's an incomplete picture, other news organizations aren't particularly pursuing this. we are and a few others. i'm curious is benghazi an issue that is one that is in any way related to the voters have interest in it. >> and in terms of the election i was talking with senator ron johnson of wisconsin said every victory center he went to people were saying tell me about benghazi. people in ohio, people have been asking about benghazi. there is a rumor that two networks have i mails telling a counter trift group to stand down but they're a group in realtime trying to mobilize marines and c 130s and were told stand down, do nudging this
all other new jobs and if you're a gm worker are you grateful to obama? do you think you've worked hard so your company survived? at some point obama claiming credit for your job begins to get thin. >> greta: benghazi. we've spent a lot of time talking about it. and frankly there are a lot of remaining questions and nobody sort of set out what happened. we've got bits and pieces and weird stories about videos and we've had, it's an incomplete picture, other news organizations aren't...
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Oct 31, 2012
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gm scoring big beats in the second quarter. the auto maker earned 93 cents a share for the quarter, that was well above the 60 cents the street had been looking for. phil lebeau has a special guest joining him to talk more about this. phil? >> thank you, becky, i'm joined by the cfo of general motors joining us on the "squawk" news line first on cnbc. when you look at you guys earning 33 cents more than the street was expecting. >> well, phil, i'd say overall it was a good quarter for us. and a challenging environment. being able to grow revenue, grow profits as you mentioned year-over-year. our margins are up slightly, strong cash flow. got some important launches away this quarter in terms of new vehicles into the market for cadillac and other of our brands. so good quarter overall, and we've made some progress on some of the tough issues in front of us including pensions and we're making reasonable progress in europe. >> and we'll talk about europe in a bit. but i want to ask you about revenue. nearly $2 billion better than
gm scoring big beats in the second quarter. the auto maker earned 93 cents a share for the quarter, that was well above the 60 cents the street had been looking for. phil lebeau has a special guest joining him to talk more about this. phil? >> thank you, becky, i'm joined by the cfo of general motors joining us on the "squawk" news line first on cnbc. when you look at you guys earning 33 cents more than the street was expecting. >> well, phil, i'd say overall it was a good...
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Oct 31, 2012
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romney said he'll dump gm the moment he becomes president. but tim said that we'll wait until people are back to even. i think they'll get back to even. >> they say by mid decade in europe. >> i trust them. >> something we've been waiting to say all week long. the opening bell is coming up next. "squawk on the street" will bring it to you after this short break. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. >>> welcome back. you're watching "squawk on the street" live from the financial capital of the world. opening bell set to ring in a little less than two mississinu. the man on
romney said he'll dump gm the moment he becomes president. but tim said that we'll wait until people are back to even. i think they'll get back to even. >> they say by mid decade in europe. >> i trust them. >> something we've been waiting to say all week long. the opening bell is coming up next. "squawk on the street" will bring it to you after this short break. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what...
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Nov 3, 2012
11/12
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obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney, and i approve this message. >> all right, barbara. so forget for a moment that both general motors and chrysler have decried this ad as either false or misleading. but in the ad, governor romney says he has a plan for the auto industry. i'm curious about what is and why we haven't heard much about it until just a week before the election. >> as the ad itself says, major executives support governor romney and have point out people on the obama economic council are supporting mitt romney, because he does have a plan on day one to turn this country around in terms of jobs. and with the auto economy and everything else, you need to put people back to work. on day one, he is going to get the energy economy going and allowto allow us to have keystone pipeline opened up, and then he is going to increase economic opportunity for everybody, so that's why he's having so many people, even people on the president's own e
obama took gm and chrysler into bankruptcy and sold chrysler to italians who are going to build jeeps in china. mitt romney will fight for every american job. >> i'm mitt romney, and i approve this message. >> all right, barbara. so forget for a moment that both general motors and chrysler have decried this ad as either false or misleading. but in the ad, governor romney says he has a plan for the auto industry. i'm curious about what is and why we haven't heard much about it until...
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Oct 31, 2012
10/12
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the campaign having a tussle right now over chrysler and gm. when biden and clinton koim to youngstown they slammed mitt romney for ads calling this claim that they were moving plants and jobs overseas on production within of the most cynical political moves he has seen and raw here in the final weeks. every voting counting, the economy issue number one here in ohio. >> not often you hear like a big business speak out about a republican ad but i guess that makes gm look bad, too, right? >> no. yeah. but very unusual. they tried to stay out of it and very unusual for spokesman to unload that kind of harsh language against the romney campaign in this particular ad. >> john avalon from youngstown, ohio. today's talk back question. will sandy change the election? facebook.com/carolcnn. [ female announcer ] ready for a taste of what's hot? check out the latest collection of snacks from lean cuisine. creamy spinach artichoke dip, crispy garlic chicken spring rolls. they're this season's must-have accessory. lean cuisine. be culinary chic. that bringi
the campaign having a tussle right now over chrysler and gm. when biden and clinton koim to youngstown they slammed mitt romney for ads calling this claim that they were moving plants and jobs overseas on production within of the most cynical political moves he has seen and raw here in the final weeks. every voting counting, the economy issue number one here in ohio. >> not often you hear like a big business speak out about a republican ad but i guess that makes gm look bad, too, right?...
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Oct 31, 2012
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the ad says under president obama, gm cut 15,000 jobs and planning to double the number of cars built in china. and the ad said chrysler also plans to start making jeeps in china. but a general motors spokesman told "the detroit free press," quote, we've clearly entered some parallel universe during these last few days. no amount of campaign politics at its cynical worst will diminish our record of creating jobs in the u.s. and repatriating profits back into this country. okay. >> willie, what do you think of cargate? >> cargate. they shouldn't lie. >> i think it's subjectively untrue. the ad. i think that pretty much ends it, right? it's false. no? >> what romney said on the stump was false. the ad is true. >> right. >> it's misleading, but it's true. >> explain what you mean. >> i'm sorry. what? >> production in the u.s. that exists. they're making jeeps in the u.s., selling them in the u.s. they're talking about making jeeps to sell in china in china. romney initially suggested on the stump, wrongly, that they were going to move all jeep production to china, including selling -- bu
the ad says under president obama, gm cut 15,000 jobs and planning to double the number of cars built in china. and the ad said chrysler also plans to start making jeeps in china. but a general motors spokesman told "the detroit free press," quote, we've clearly entered some parallel universe during these last few days. no amount of campaign politics at its cynical worst will diminish our record of creating jobs in the u.s. and repatriating profits back into this country. okay....
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Nov 1, 2012
11/12
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but as one gm executive told me, this ad crossed a line. it was, as they said, too outrageous and misleading for them not to respond to. the fact is, general motors has been building vehicles in china for many years. it's one of the largest carmakers in china. but no automakers sell cars made in the united states into china because of import duties and the costs associated with that. on the chrysler side, it's troubling that they would attack jeep, which has been serving the cornerstone of chrysler's comeback, and toledo, ohio, and detroit, michigan, where they are adding jobs, shifts in the plants and making more jeeps than ever before and can't keep them in stock long enough. so to suggest that they need to go elsewhere to build their jeeps is false. and the fact of the matter is, in the global auto industry today, particularly in china, the mantra is, build them where you sell them. so this idea that somehow american jobs are at risk, because of chinese production, really doesn't add up. >> let me go to steve rattner. i think for the peo
but as one gm executive told me, this ad crossed a line. it was, as they said, too outrageous and misleading for them not to respond to. the fact is, general motors has been building vehicles in china for many years. it's one of the largest carmakers in china. but no automakers sell cars made in the united states into china because of import duties and the costs associated with that. on the chrysler side, it's troubling that they would attack jeep, which has been serving the cornerstone of...
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Oct 31, 2012
10/12
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i've owned gm's as well. they never needed the money had they all got bailed out. i always thought they had a better brand and structure and better organizational company than gm. right, wrong or -- i could o be totally off base on this. that was the perception. i should pull the trigger on a day like today. but like i said, the soft spot continues. i'm still long for it. >> i'm long for it also. we bought more today. i think ford looks better at 11 and change than last week at ten and change. this quarter was great. a record quarter as the ceo mentioned. i think the u.s. has enough to carry europe through this soft spot. ford is a play on housing as housing picks up more ford pickup trucks. the setup -- >> i'm sure there are a lot of viewers thinking why does it look better -- we got results and we're very, very strong. was it so outside compared to what we knew last week that it justifies buying it 7% higher. >> great. when i said that, it was more on a technical plane. when it was getting up to 10.5 and falling off through 11 it looks like it dps higher. >> the
i've owned gm's as well. they never needed the money had they all got bailed out. i always thought they had a better brand and structure and better organizational company than gm. right, wrong or -- i could o be totally off base on this. that was the perception. i should pull the trigger on a day like today. but like i said, the soft spot continues. i'm still long for it. >> i'm long for it also. we bought more today. i think ford looks better at 11 and change than last week at ten and...
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Nov 2, 2012
11/12
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the obama campaign hit back on air -- >> gm calls romney's ads politics at it's cynical worst. >> on the stump, the president is casting it as part of a larger message. >> massaging the facts when they're inconvenient to your campaign. that's not changed, that's the oldest trick in the book and that's what he's been doing the last few weeks. and i know what real change looks like because i fought for it. right alongside him. and after all we have been through together, we sure can't give up now. >> now, wolf, the romney campaign was quick to hit back saying in part that the auto companies are expanding their production with jobs overseas, to be clear, they're not moving their jobs overseas, but they're adding new jobs overseas. they say that unemployment has risen since the president has been in office. now, one maybe lighter note, wolf, i did mention thatad axlerod ng thepehes are comifralready. >> didn't ta long, very cute. the president, in the last goin out there. >> it's almost over, i promise. mitt romney is also in ohio today, we'll catch up with his campaign and hear hows usi
the obama campaign hit back on air -- >> gm calls romney's ads politics at it's cynical worst. >> on the stump, the president is casting it as part of a larger message. >> massaging the facts when they're inconvenient to your campaign. that's not changed, that's the oldest trick in the book and that's what he's been doing the last few weeks. and i know what real change looks like because i fought for it. right alongside him. and after all we have been through together, we sure...
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Nov 1, 2012
11/12
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ohio romney is still running ads accusing the president of sending jobs of bailed out car companies gm and chrysler to foreign. nowhere in the ads does it mention romney opposed the auto bailout. gm officials blasted the spot to a detroit newspaper saying no amount of campaign politics at its cynical worst will diminish our record of creating jobs in the u.s. and repate rating properties back to this country. polls receiving high marks for his handling of superstorm sandy, it's unclear how much the race has changed. hoping to recapture the momentum he had before the storm, romney recycled a line of attack he used presandy. >> he's been out talking about how he's going to save big bird and then playing silly word games with my last name, or first. and then attacking me day in and day out. >> reporter: the storm also interrupted romney's closing argument which he was supposed to start delivering last monday. instead, he has five days left to make his case against a president who has emerged from sandy perhaps now tougher to beat. wolf. >> jim acosta on the campaign trail with mitt romney
ohio romney is still running ads accusing the president of sending jobs of bailed out car companies gm and chrysler to foreign. nowhere in the ads does it mention romney opposed the auto bailout. gm officials blasted the spot to a detroit newspaper saying no amount of campaign politics at its cynical worst will diminish our record of creating jobs in the u.s. and repate rating properties back to this country. polls receiving high marks for his handling of superstorm sandy, it's unclear how much...
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Oct 31, 2012
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. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who will build jeeps in china. >> not so bad says the ceo of chrysler issuing a statement reaching jeep production whether not be moved from the united states to china, it is inaccurate to suggest anything different. today president obama tours the storm devastation in atlantic city and vice president biden makes two campaign stops in florida. mr. romney will also be in florida as he makes three stops. paul ryan will spend the day campaigning in his home state of wisconsin. let's get back to sandy, because two of the three major airports serving the new york area, kennedy and newark, they'll start to reopen with limited service later this morning, but the super storm created a worldwide ripple effect. many are still stranded overseas. so we want to check in with michelle kosinski from london. good morning. >> reporter: right, it does have that sort of snowballing effect that we see with any major travel destruction around the world, but of course this is a big one with so many airports closed for more than o
. >> obama took gm and chrysler into bankruptcy and sold chrysler to italians who will build jeeps in china. >> not so bad says the ceo of chrysler issuing a statement reaching jeep production whether not be moved from the united states to china, it is inaccurate to suggest anything different. today president obama tours the storm devastation in atlantic city and vice president biden makes two campaign stops in florida. mr. romney will also be in florida as he makes three stops....